Is It Worth It? How Buyers Mentally Justify the Price of a Home.
When buyers decide what a home is “worth,” they look beyond the listing price. They analyze comparable sales, market conditions, property condition, location, financing limits,…
Category: Financing
Mortgage and financing guides for Rhode Island, Massachusetts and Connecticut buyers: FHA, conventional, VA and FHA 203(k) renovation loans, RIHousing down-payment assistance, how rates change your payment, and what closing costs to expect. Alexander Parmenidez worked in tax and insurance before real estate, so these guides focus on the full monthly cost of owning, not just the loan amount.
Rising Home Insurance: What to Plan For
Homeowners insurance protects your property, belongings, and liability exposure, but premiums have been rising in recent years due to severe weather, higher rebuilding costs, and…
What Is a Commitment Letter and Why Is It Important When Buying a Home?
A commitment letter is a document from a lender stating that your mortgage loan has been approved under specific conditions. It
¿Qué es un depósito de garantía (Earnest Money)? Guía para compradores y vendedores
Un depósito de garantía (Earnest Money Deposit o EMD) es un pago de buena fe que se entrega después de que el vendedor acepta una…
¿Es buena idea usar tu reembolso de impuestos como pago inicial?
Sí, puedes usar tu reembolso de impuestos como parte del pago inicial al comprar una casa. La mayoría de los prestamistas lo aceptan como una…
Aumento del Seguro de Vivienda: Qué Debes Tener en Cuenta
El seguro de vivienda protege tu propiedad, tus pertenencias y tu responsabilidad civil, pero las primas han aumentado en los últimos años debido al clima…
¿Qué es una carta de compromiso y por qué es importante al comprar una casa?
Una carta de compromiso (Commitment Letter) es un documento del prestamista que indica que tu préstamo hipotecario ha sido aprobado bajo ciertas condiciones.
¿Qué pasa si mi casa se tasa por debajo del precio del contrato?
Cuando un comprador financia la compra con una hipoteca, el prestamista solicita una tasación para confirmar el valor de la propiedad.
What Is an Earnest Money Deposit? A Guide for Buyers and Sellers
An earnest money deposit (EMD) is a good-faith payment submitted after a seller accepts an offer. It shows serious intent to purchase and is held…
Using Your Tax Refund as a Down Payment: Is It a Smart Move?
Yes, you can use your tax refund as a down payment when buying a home. Most lenders accept it as a legitimate source of funds…